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publicans are fighting in the league.
It is what the America» people want
because it will prevent war and there
IMI'KO KVKRY THUMDAY HY
T. L. t>VOO«a. KtMTO* AMD P«or
can be no other plan evolved which
. Entered st thè txmtoffice al Scio. will prevent war.
It is difficult to comprehend how
Oregon sa aecond Haaa mattar.
a Taft republican can support Mr.
•VWM'RIITION. IM ADVANCB
11.76
•TX MONTHA__________ ___________ 10° Harding. They can’t do so If they
are consistent with Mr. Taft’s teach
THE SCIO TRIBUNE
ADVKRTMINO RATW
’p
♦ !*•*■, • /
»
ing.
lineai advertising per lina Arsi in-
*ert l-m ......................
.10
F.arh suho«*iuent insorti'« por line. .06
TWO FINANCIAL SYSTEMS.
thsplay sd»-ru»ing First inserti««
per inch ........
.«•••>•• .26
Esrh subsequent inserìion
.16
When the Civil war closed there
Advertisewwnts «houkl rrsrh this office
was
nearly or quite as much money
not lat»r thsn Tui »day to inauro pubb-
eatìon in thè current isaur
in circulation per capita as there is
All foreign a«jvrrtiscm«nta must he
at the present time and the orices
pani fé» in sdvance at pubiiraUun.
C. C. BRVA.vr
and empty beaded bankers in Linn
county have (wen heard to boast
that with republican success the
farm loan bank will he a thing of 3d-2 New Fuat Sational Hank Hldg.
the past and the day of dear money
ALBANY
OREGON
will be again restored.
The difference between the finan
cial systems of the two parties is
easily stated. The t«ank* and mon
eyed interests of the country have
dictated the financial svstrm nf the
republican party since th«- days of
the iTyil war The democratic party
has tried to evolve a financial system
which is and will be in the interes a
of all the people and give the farm
er an equal «hi>w with the railrowk
and manufacturers to borrow cheap
money.
In the conduct of a great
war the democratic parly is re-
spor.Slhle for the expenditure of
a vast sum of money, some of it un-
wisr fully arid waste fully.
This
cannot I m * denied. Hut it is yet to
be established that any of it »ns
expended with downright dishonest
intent. This i* a discreditable fact.
But it has (M-vn true in a more or
less extent in every war in which
the IJ. S. has l»-cn «-ngag«-d. Men
have ever iiccn dishonest and graft-
era, and probably will continue to
be an no matter which party is in
power. It is n««l the govern.went
which Is to blstne, but it is the peo
ni
==t~
THE Sflll STATE BANK
?
You can't get it
i U m ,
4<£
interest on lime deposits.
Bwwt HS*i
H. B. CHESS
ATTORNEY AT LAW
of eon modifies then were about as
hl.rh as they are now. The people
then had the h. e. I. problem to deal
with as they have now.
Our money system of th<»se days
had no flexibility as it has now
It
/ pledge allettante to mv llag ana was dominated ami controlled not
the Repuhlk for whkh il »tanti». one
by the government, but by the New
t^Cation. Indi* ¡tibie. »ilh liberty ana
York banker« and other moneyed in
lattice fot oli.
terests of the country.
SCIO. OREGON. AUGUST 12. 1920
It was then conceded that the
very large volume of money in cir
THE LEAGUE A CAMPAIGN ISSUE culation was the main cause of high
prices ami our financiers in cong reus
One year ago fully three-fourths under the counsel and advice of the
of the pmtile of the United State» (tankers decided that a reduction of
were in favor of ratifying the league the currency in circulation was the
covenant
They may not have fav only way to reduce the price of com
ored the covenant just as President modities. As a result of this idea
Wili in brought it home. Neither the great system of contraction of ple themaeivev
Nor are the rogues
did it exactly suit the president.
and
scoundrels
all
to tie found in
the currency was evolved.
Some
Hut a< there were many other na thing like $600,000.'KM) of the money one party either.
tions who helfied formulate the cov in circulation was called in and dee-
enant. it was necessarily bawd upon troyed. The prices of commoditM-s
GOVERNOR COX ACCEPTS.
compromise.
It was not just as came tumbling down in a hurry.
President Wilson would have it but The h. c. I. was wx>n upon almoat a
Everybody regardless of party
It was the liest he could get and the pre war level. A nation wide panic
should read Governor Cox’s speech
people were disposed to look upon il resalted.
Bualnera failures and
of acceptance. aS deliver««! bv him
in the same light. Not so with ’the mortgaged farms were in evidence
in his home town. Dayton. Ohio.last
anti administration republicans ami in every direction. Had it not been
Saturday. For that matter the ac
two «r three democrats who. In the for the millions of acres of wild land
ceptance speech of Senator Harding
end, caused the defeat of the whole in the west subject to preemption
should lie read «« well, the one in
business.
and homesteading, there la no telling connection with the other. Then a
The democrats have just had an what would have been the result.
comparison of the two men and what
opportunity to register their opin But the west took care of the bank- i
each stand* for can lie made.
ions of Senators Reed of Missouri rupt merchants and farmers. In a
Governor Cox «peak* out fearlesa-
and (tore of Oklahoma. Both have few years the condition was relieved.'
and stat'« his p-ulion clearly on all
been retired to private life by ^over But at that time the government
questions considered. Hr says plain
whelming majorities
The disposi was forced tn recall the retrench
ly what he means, and means what
tion of the republican senators who ment program which had brought
hr aaya. You can find nothing in
engineered the defeat of the coven such hardships upon the people.
the »perch which lo->ks like a strad
ant. is yet to lie made.
This was a specimen of republican
dle. He treat* contrary opinions to
On November 2. the people of the financiering which m-nrly drove that
his own fairly and endeavors’to so
nation will have an opportunity to party from power. This same party
state his position on various quw-
register their opinions of the league is now asking to be restoted to pow-i
tions that no one needs to vote for
of nations. They have seen that the er to bring about another era of re
iiim in November who is under a
Hague tribunal is not a war preven trenchment presumably. The banks
misconception of where he stands.
live. Why?
That tribunal lacks want the volume of money reduced, i
The occasion was made an occas
the "kick" the league of nations has They want to re.urn to the days
ion for a great political demonstra
in article 10. Yet this article is the when there was but *12 to $13 of
tion and was a great day for Dayton.
center of objections the Lodges, the money pgr capita in circulation, for
Governor C«x will not make a
Horshs and Johnsons have to the scarce money means dear money. i
front porch campaign. He expects
league. It is the basis upon which and thia is what the banks and mo-'
to visit all parts of the nation. He
the republican party is now fighting ney loaners want. These people are
considers himself just one of the
the league. Yet (he article does not t>acking the republican party to
people iin-i not an overlord that the
Compel a nation to enter a war. that bring about that end
people should visit and b«»w to.
is to say one of the five leading na
Happily the wisdom of democratic
These front porch campaigns im
tions. it elects to do so of its own financiers evolved what we know as
ply a sort of peis<>nal superiority on
volition. The Hague tribunal had the regional bank system, which re
the part of the candidate. The in
no article 10 and the moat colossal sulted in divorcing the business in
ference may be drawn that the can
war of all times resulted.
Remove terests of our country from Wall
didate is too good to go to the peo
article 10 from the league covenant street. These banks are scattered
ple; that the people must come to
ami it will be as powerless as The in all parts of our country in twelve
him
As a matter of economy il is
Hague tribunal.
regions.
And these banks have much cheaper for the candidate to
Ex-President Taft has the right power, when directed so to do by visit the people than fur the people
conception of the league. While hi» the government, to ex|Mtnd or con to visit the candidate.
reuublcan partisanism makes him tract their circulation, forming what
appear as a minor league objector, is known as a flexible currency.
Advertise in The ieio Tribune and get
With a club of this character sus-
results.
at heart he stanchly is a supporter
of the league, article 10 included, (wnded. Wall street does not dare
J,|
IL
for he knows '.he league without a bring on a financial panic which prior
to 1912 visited us periodically.
"kick" is valueless.
DR. A. G. PRILL
The Tribune will not say the re
Of course, no true American wish-
Pbvsiciai and Sm
re to become involved in any Euro publican party will repeal the re
gional
hank
act.
but
It
does
predict
pean alliance or war. The unani-|
Calls Attended
mous majority of the American pro unhesitatingly, with republican suc
L»ay or Night
ole is and will be against it. Rut I cess in Novemlier. the land loan
SCIO
-.-
ORE.
when an European nation make» hanks will l»e abolished and cheap
war upon a neighbor nation and' money will he at an end for farm
United States rights and orivileges ers. The old days of 8 and 10 per
are interfered with we are bound to i cent mortgages will (>e returned
Farmers, you may think that The
intervene. The Hague tribunal pro
vides n<» remedy for such condition., Tribune is just indulging in camp W, A. Ewing.
A. K. Randall
Vice Free.
It is simply President
The league does.
Why? Because aign talk. It h not.
E D. Myers. Cashier
it has a ’‘kick." Nor will any league predicting a r r, 'ition which is now
»tart a bank account today and
*>vidr for your future.
or tribunal be effective without a planned to take place with republi
ou wdl find a checking ac
can
success,
Trv
to
get
a
loan
now
kick.
count very convenient for your
The "kick*. or article 10, Is the from the farm !>>an bank and see
bu* mesa transact tons. We pay
main feature against which the re where you are at.
-
Attorney •» Law
OU m * SB Uw o.i M
I 4 n w. toe.
SOP 01! A
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FRED GISELMAN, Proprietor
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J. I.Hernee, W. F.Oill,
J A itiiyeu, J.R.Har-.«*,
Mr» Jennie Warne*.
I ìpji
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